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Kirby Devon Limited
00998717
147 9862 17
2015-02-28
87161
90971
88061
91871
900
900
88061
91871
88061
91871
-59647
-57206
78061
78326
18414
21120
13160
15902
5000
5000
254
218
147708
149077
147708
149077
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Deferred taxation
Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation and accounts purposes using the liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the near future.
Fixed Assets
All fixed assets are initially recorded at cost.
Land and buildings held for investment purposes are not depreciated.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
Reducing balance basis
0.2500
Fixtures & Fittings
Reducing balance basis
0.2500
257897
257897
110189
108820
1369
257897
257897
110189
108820
1369
Ordinary
900
1
900
900
Ordinary
1
900
900
900
2015-11-18
Dr J. Kirby
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Kirby Devon Limited
2014-03-01
2015-02-28
Kirby Devon Limited
2013-03-01
2014-02-28
Kirby Devon Limited
2013-02-28
Kirby Devon Limited
2014-02-28
Kirby Devon Limited
2014-02-28
Kirby Devon Limited
2015-02-28
2015-11-24